Question

give one characteristic of demand deposits​

Answer 1

Answer:

Demand deposits have the following characteristics:

1) Funds are payable on demand.

2) Funds can be interest bearing.

3) No eligibility requirements.

4) No limit on the number of withdrawals or transfers.

5) No maturity period.

Answer 2

Demand deposits have the following characteristics: Funds are payable on demand. Funds can be interest bearing. No eligibility requirements.